EPS Example 2 At December 31, 2020, Shulu Corporation had the following stock 10% cumulative preferred stock, 5100 par, 202,000 shares S20,200,000 Common stock, $1 par, 4,000,000 shares 4,000,000 During 2020, Shulo did not issue any additional common stock. The following also occurred during 2020: Income from continuing operations before taxes $61,500,000 Discontinued operations (income before taxes) 6,500,000 Preferred dividends declared 2,020,000 Common dividends declared 1,800,000 Effective tax rate 17% Instructions: Compute earnings per share data as it should appear in the 2020 income statement of Shulo Corporation. (Round to two decimal places.)